Taxi Driver Online

UK cab trade debate and advice
It is currently Thu Jul 16, 2020 2:31 pm

All times are UTC [ DST ]




Post new topic Reply to topic  [ 169 posts ]  Go to page Previous  1 ... 6, 7, 8, 9, 10, 11, 12  Next
Author Message
PostPosted: Tue Dec 03, 2019 12:01 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 45706
Location: 1066 Country
For any super Uber geeks there is an interesting US radio show interview with Hubert Horan.

This fella is top Transport expert and his views on Uber are very similar to many on here, however he looks at it from outside of the trade whereas we have vested interests.

Worth a listen to when sitting in the car waiting for a job.

Starts at 10.20 https://harryshearer.com/wp-content/upl ... 20119_.mp3

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Wed Dec 04, 2019 2:29 am 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 45706
Location: 1066 Country
Interesting short piece about the struggles Uber is having in many cities.

https://qz.com/1759492/uber-faces-tight ... nt-cities/

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Wed Dec 04, 2019 9:39 pm 
Offline

Joined: Tue Apr 29, 2008 4:06 pm
Posts: 22448
Location: A City near Birmingham
Uber is a diverse technology not solely dependent on the taxi markets

It will win thru

_________________
Freedom is never free


Top
 Profile  
 
PostPosted: Wed Dec 04, 2019 9:47 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 45706
Location: 1066 Country
wannabeeahack wrote:
Uber is a diverse technology not solely dependent on the taxi markets

It will win thru

Not sure if win thru is the words I would use, more they will survive.

But it wont be under the current management, and I suspect it will require extra funding rounds which will dilute further the value of the shares of the mugs who invested in May.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Sat Dec 07, 2019 3:34 am 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 45706
Location: 1066 Country
Closed this week at $27.86, down about 6% on the week.

Or about $3 Billion in hard cash.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Sat Dec 14, 2019 7:02 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 45706
Location: 1066 Country
Closed $28.49 this week.

Little bit up on last week, but still about $30 Billion down since IPO.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Sat Dec 14, 2019 7:40 pm 
Offline
User avatar

Joined: Sat Apr 01, 2006 11:47 pm
Posts: 14250
Location: Stamford Britains prettiest town till SKDC ruined it
Sussex wrote:
Closed $28.49 this week.

Little bit up on last week, but still about $30 Billion down since IPO.



lets face it the hoped for crash never happened and I doubt it will they are too big to fail

_________________
Taxis Are Public Transport too

Join the campaign to get April fools jokes banned for 364 days a year !


Top
 Profile  
 
PostPosted: Sat Dec 14, 2019 8:14 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 45706
Location: 1066 Country
Quote:
lets face it the hoped for crash never happened and I doubt it will they are too big to fail

A fall of 40-45% in less than a year is a crash, be in no doubt about that.

Will they fail is another matter, IMO they wont.

However they will need refinancing at some time in the next few years, and at that time the current shares will be worthless.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Mon Dec 23, 2019 9:34 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 45706
Location: 1066 Country
Currently $30.53, which is an increase of about $1 for the week.

Think it was mainly down to the talk of them selling their Indian food delivery business for about $400,000,000.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Tue Dec 31, 2019 11:11 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 45706
Location: 1066 Country
Closed $29.74 for the year.

Down 34% since the May IPO.

Or in simple cash terms, about $26 Billion.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Tue Jan 14, 2020 8:14 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 45706
Location: 1066 Country
On a bit of a bounce at the mo, currently $34.74.

Maybe we all got it wrong about them. Image

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Wed Jan 15, 2020 10:13 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 45706
Location: 1066 Country
Goldman Sachs have bailed out. :-k

https://www.bloomberg.com/news/articles ... up-expired

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Mon Jan 20, 2020 8:57 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 45706
Location: 1066 Country
Currently $35.13.

Defo on an upwards path.

Until maybe they lose another billion or two.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Wed Feb 05, 2020 9:22 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 45706
Location: 1066 Country
Currently $37.17 which is quite an improvement.

Did reach $38.95 today but dropped 4% today.

I wonder if this ressurance will last past tomorrow night's Q4 Earnings Report. :-k

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Fri Feb 07, 2020 10:09 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 45706
Location: 1066 Country
Uber sees path to profit despite $1.1bn loss

Uber's business continues to grow, but so do its losses. The firm lost $1.1bn (£851m) in the last three months of 2019, even as revenue jumped 37% to $4bn and the number of trips made on its platform rose by 28%.

Spending to expand its Uber Eats food delivery business hurt the firm's bottom line.

Uber boss Dara Khosrowshahi said he was "gratified" with the progress the firm is making toward profitability. Adjusted for items such as taxes, the core "ride" part of the business turned a profit in the last three months of last year.

"We recognize that the era of growth at all costs is over," Mr Khosrowshahi said. "In a world where investors increasingly demand not just growth, but profitable growth, we are well-positioned to win".

Mr Khosrowshahi said the firm expects investment in Uber Eats to decline after March, as the firm focuses on markets where it can be the number one or number two "player".

Last month, Uber sold its money-losing India-based food business to competitor Zomato, in exchange for a stake in the start-up. Shares gained about 4% in after-hours trade, as investors welcomed the firm's pledge to hit its profit targets in 2020, which is sooner than was previously expected.

Since the firm debuted on the New York Stock Exchange last year, shares have been under a cloud, as investors eye the firm's losses and it faces regulatory hurdles around the world. London stripped it of its licence to operate in November after concerns over safety failures.

Dan Ives, analyst at Wedbush Securities, said the firm had delivered a solid quarter for the company that should help build investor confidence in the firm. "Rome was not built in a day and neither will the Uber growth story," he said.

However the firm will have to do more to turn around its business, said Alyssa Altman, transportation lead at digital consultancy Publicis Sapient. Uber lost more than $8bn last year in total, even as the number of trips taken on its platform climbed by 32% to nearly 7 million and revenue rose 26% to $14.1bn from 2018.

"Uber's latest attempts to shed money-losing businesses, while promising, don't guarantee it will dig itself out of the financial grave it dug for itself," Ms Altman said.

Uber said there were more than 111 million customers active on the platform in the last three months of 2019, up 22% from the same period in 2018.

_________________
IDFIMH


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 169 posts ]  Go to page Previous  1 ... 6, 7, 8, 9, 10, 11, 12  Next

All times are UTC [ DST ]


Who is online

Users browsing this forum: No registered users and 59 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to:  
Powered by phpBB® Forum Software © phpBB Group